Ribbon is a platform designed to help credit unions manage the accounts of aging members and navigate the complexities that arise when a member passes away. By offering solutions that address these sensitive lifestage events, Ribbon assists credit unions in reducing financial losses from dormant or deceased accounts.

Importantly, the platform also facilitates the process of turning inheritors into new members, helping credit unions retain assets and grow their membership base.

Ribbon’s tools streamline account transitions, ensuring that assets are properly transferred and that communication with beneficiaries is handled efficiently and compassionately. This not only aids in operational efficiency but also enhances the member experience during challenging times.

With Ribbon, money in the accounts of deceased members is more likely to stay in the credit union by improving the inheritor experience and turning family into members. By adopting Ribbon’s services, credit unions can better support their members’ families and build lasting relationships with the next generation.

Learn more about Ribbon here: